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Massachusetts Passes DFS Bill H4569

Monday August 1,2016 : MASSACHUSETTS DFS BILL PASSED IN LATE NIGHT SESSION? (Update)

Last flurry passage late into Sunday night as two-year session closes.

Initial reports suggest that the Massachusetts legislature, in the wrap-up of its two year session which moved late into the night Sunday, has passed major bill H4569, an economic package that includes daily fantasy sports.

The bill allows for the temporary operation of daily fantasy sports in the state until July 31, 2018 on condition that it operates in “accordance with regulations promulgated by the Attorney General” Maura Healey laid out earlier this year (see previous InfoPowa reports).  It removes DFS, for the time being, from the definition of gambling.

The legislation also covers the creation of a commission that is tasked to review a broad range of topics under the DFS and internet gambling sectors, co-chaired by the House and Senate chairs of the Joint Committee on Economic Development and Emerging Technologies.  Others members will include appointees from the speaker of the House, the president of the Senate, the Attorney General and the Massachusetts Gaming Commission. 

The commission is expected to file a comprehensive report along with any recommendations for legislative and tax reforms no later than March 31, 2017.  

The enactment of the bill will be particularly gratifying to daily fantasy sports operator DraftKings who call Massachusetts its home state.  Massachusetts will become the eighth state to green light daily fantasy sports this year along with Tennessee, Virginia, Missouri, Indiana, Colorado and Mississippi.

The bill has reportedly been laid before the Massachusetts Governor Charlie Baker and awaits his signature.

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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